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7 February, 00:19

Net income was $490,000 in 2018, $460,600 in 2019, and $515,872 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease?

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  1. 7 February, 02:04
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    a. The percentage of change from 2018 to 2019 is 6%

    The change is an decrease.

    b. The percentage of change from 2019 to 2020 is 12%

    The change is an increase.

    Explanation:

    a.

    The amount net income of change from 2018 to 2019:

    Net income in 2019 - Net income in 2018 = $460,600 - $490,000 = - $29,400<0

    The percentage of change from 2018 to 2019 = ($29,400/$490,000) x 100% = 6%

    The change is an decrease.

    b.

    The amount net income of change from 2019 to 2020:

    Net income in 2020 - Net income in 2019 = $515,872 - $460,600 = $55,272>0

    The percentage of change from 2019 to 2020 = ($55,272/$460,600) x 100% = 12%

    The change is an increase.
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Home » Business » Net income was $490,000 in 2018, $460,600 in 2019, and $515,872 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease?
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